how it would be shown on a cash reconciliation. Given the following errors: ∑ The bank recorded a deposit of $200 as $2‚000. ∑ The company’s bookkeeper mistakenly recorded a deposit of $530 as $350. ∑ The company’s bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount. ∑ The bank statement shows a check written by the company for $255 was erroneously
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| | |2.4 Account Opening Section |7 | | |2.5 Fixed Deposit Account |7-9 | | |2.6 Savings Bank Deposit Accounts |9 | |
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ISLAMI BANK BANGLADESH LIMITED (IBBL) BASED ON ISLAMIC SHARIAH INTERNSHIP REPORT ON “General Banking‚ Investment & Foreign Exchange operation of IBBL” PREPARED FOR: Dr. Mahmood Ahmed EVP & Director (Training) Islami Bank Training and Research Academy (IBTRA) PREPARED BY: Md. Jiaul Hoque Independent University‚ Bangladesh & Abu Hena Morshed Jaman Southern University Bangladesh Date of Submission:
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new bank‚ Shahjalal Islami Bank Limited has been competing with other private banks where all the banks are adopting different incentive programs to attract the customers. Accordingly‚ SJIBL is offering different type of deposit scheme bearing highest rate of return. Mudarabah Deposit Scheme‚ Monthly income scheme and Millionaire scheme are the most popular offers that are completely innovation in the banking sector and widely accepted by the clients. With crumble down of the world economy‚ it is observed
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a number of issues relevant to the expansion of its business. The company that we had to advise is Cottontex‚ specialised in men’s and women’s blouses‚ shirts and trousers. Cottontex has the idea to expense it’s business with a skirt collection. To advise Cottontex the best as possible we first had to investigate if it would be realistic to expend the business of Cottontex. We had to set up a new production facility‚ which includes issues related to the expansion of the production facility. We also
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in reusable containers. Customers pay a deposit for each container. The deposit is equal to the container’s cost. Customers receive a refund when the container is returned. During 2012‚ deposits collected on containers shipped were $350‚000. Deposits are forfeited if containers are not returned in 18 months. During 2012‚ $250‚000 was refunded and deposits of $20‚000 were forfeited. (8 points) Required: 1) Prepare separate journal entries for the deposits (a) received‚ (b) returned‚ and (c) forfeited
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ALM TERM PAPER Submitted By: Group 3 Section A Sunny Khatwani (U109047) Suvendu Panda (U109048) Tuktuk Bansal (U109050) Abhijeet Ray (U109051) Abhinav Mittal (U109053) Anuradha Mohnata (U109055) Anwesh Padhee (U109056) Arijit Rej (U109057) Ayan Ghosh (U109059) Batala Mayuri (U109060) Bank: Punjab National Bank Category: Nationalised Bank Year and Basis: Financial Year 2009-10 (Annual Report) There are three components to the Term Paper: 1. Benchmark Prime Lending Rate (BPLR):
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fraction of a saver’s portfolio? 13) The wealth elasticity of demand describes the percentage change in 14) Suppose that when your wealth increases from $100‚000 to $200‚000‚ your holdings of savings deposits increase from $10‚000 to $12‚000. Your wealth elasticity of demand for savings deposits then is 15) Suppose that when your wealth increases from $100‚000 to $200‚000‚ your holdings of stock mutual funds increases from $20‚000 to $50‚000. Your wealth elasticity of demand for stock mutual
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contribute and how much is from the interest? For 40 deposits of $300 each with [pic]‚ we find the accumulated value as [pic] The total interest earned is the difference between the amount in the account and what you actually deposited: 17170.24 – (300)(40) = $5170.24. An individual deposits $600 per month into an account paying 7.2 % compounded monthly. How much money will be in the account in 5 years? These 60 deposits have an accumulated value of [pic] A person wishes
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How Agent Banking Changes the Economics of Small Accounts ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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